Phase Holographic Imaging PHI AB (XSAT:PHI) Scaled Net Operating Assets: 0.68 (As of Oct. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSAT:PHI Phase Holographic Imaging PHI AB XSAT:PHI
47 GF Score
Price kr0.53
GF Value kr2.80
! 5 Warning Signs
View Full Analysis

What is Phase Holographic Imaging PHI AB Scaled Net Operating Assets?

Phase Holographic Imaging PHI AB XSAT:PHI 47 Scaled Net Operating Assets is 0.68 as of Oct. 2025. GuruFocus rates XSAT:PHI with a GF Score™ of 47/100 and a GF Value™ of kr2.80. The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Phase Holographic Imaging PHI AB's operating assets for the quarter that ended in Oct. 2025 was kr34.69 Mil. Phase Holographic Imaging PHI AB's operating liabilities for the quarter that ended in Oct. 2025 was kr4.19 Mil. Phase Holographic Imaging PHI AB's Total Assets for the quarter that ended in Jul. 2025 was kr44.80 Mil. Therefore, Phase Holographic Imaging PHI AB's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2025 was 0.68.


Phase Holographic Imaging PHI AB Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Phase Holographic Imaging PHI AB's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Phase Holographic Imaging PHI AB Scaled Net Operating Assets Chart

Phase Holographic Imaging PHI AB Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.36 2.33 0.36 0.73 1.10

Phase Holographic Imaging PHI AB Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.21 0.64 0.59 0.53 0.68

XSAT:PHI vs ABT, BSX, SYK: Scaled Net Operating Assets Comparison

For the Medical Devices subindustry, Phase Holographic Imaging PHI AB's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Phase Holographic Imaging PHI AB Scaled Net Operating Assets vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Phase Holographic Imaging PHI AB's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Phase Holographic Imaging PHI AB's Scaled Net Operating Assets falls into.


XSAT:PHI
47GF Score
Phase Holographic Imaging PHI AB XSAT:PHI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Phase Holographic Imaging PHI AB Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Phase Holographic Imaging PHI AB's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Apr. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Apr. 2025 )
=(Operating Assets (A: Apr. 2025 )-Operating Liabilities (A: Apr. 2025 ))/Total Assets (A: Apr. 2024 )
=(41.41-5.184)/33.002
=1.10

where

Operating Assets(A: Apr. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=55.853 - 14.443
=41.41

Operating Liabilities(A: Apr. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7.116 - 1.932 - 0
=5.184

Phase Holographic Imaging PHI AB's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2025 )
=(Operating Assets (Q: Oct. 2025 )-Operating Liabilities (Q: Oct. 2025 ))/Total Assets (Q: Jul. 2025 )
=(34.692-4.188)/44.8
=0.68

where

Operating Assets(Q: Oct. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=36.913 - 2.221
=34.692

Operating Liabilities(Q: Oct. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4.188 - 0 - 0
=4.188

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.68 mean?
Phase Holographic Imaging PHI AB (XSAT:PHI) has a Scaled Net Operating Assets of 0.68 as of Oct. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Phase Holographic Imaging PHI AB and its competitors.
Is Phase Holographic Imaging PHI AB's Scaled Net Operating Assets too high?
Phase Holographic Imaging PHI AB's current Scaled Net Operating Assets is 0.68. Overall, Phase Holographic Imaging PHI AB has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Phase Holographic Imaging PHI AB's Scaled Net Operating Assets compare to ABT and BSX?
Phase Holographic Imaging PHI AB's Scaled Net Operating Assets of 0.68 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Medical Devices & Instruments company?
A good Scaled Net Operating Assets depends on the Medical Devices & Instruments industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Phase Holographic Imaging PHI AB and its competitors. Phase Holographic Imaging PHI AB's current Scaled Net Operating Assets is 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phase Holographic Imaging PHI AB stock overvalued right now?
Phase Holographic Imaging PHI AB (XSAT:PHI) has a current Scaled Net Operating Assets of 0.68. The stock's GF Value™ is kr2.80, compared to a current price of kr0.53 — trading 81.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.68. Phase Holographic Imaging PHI AB's overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Phase Holographic Imaging PHI AB (XSAT:PHI), the current Scaled Net Operating Assets is 0.68 as of Oct. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Phase Holographic Imaging PHI AB (XSAT:PHI) Overvalued in 2026?

Based on GuruFocus' analysis, Phase Holographic Imaging PHI AB stock appears to be undervalued. The current stock price of kr0.53 is trading 81.1% below its estimated GF Value™ of kr2.80.

Key valuation signals for XSAT:PHI:

  • Scaled Net Operating Assets: 0.68
  • GF Value™: kr2.80 vs. price of kr0.53 (81.1% below fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the XSAT:PHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Phase Holographic Imaging PHI AB Business Description

Address Skiffervagen 48, Lund, SWE, 224 78
Phase Holographic Imaging PHI AB is a medical device company that develops and markets non-invasive time-lapse imaging instruments used for the quantitative long-term analysis of living cell cultures. The company's commercial HoloMonitor products are based on Quantitative Phase Imaging (QPI) technology, which is used for real-time cell quality evaluation. Geographically, it has presence in Lund, Sweden, with offices in Boston, MA and Winston-Salem, NC.
47GF Score

Get the complete analysis for XSAT:PHI

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr0.53
Price
kr2.80
GF Value